Winters' Tale: Manager Goes It Alone

Mutual Series' star David Winters is leaving to start a global value-investing portfolio (no, not a hedge fund).

AT THE 2004 MORNINGSTAR investment conference, David J. Winters, an accomplished global value investor with an activist bent, participated in a high-profile panel featuring a handful of the industry's biggest names.

By then, Winters had become the public face of the Mutual Series fund family, based in Short Hills,...